GO
Loading...

GM Says Delphi Deal Feasible Soon

General Motors Chief Financial Officer Fritz Henderson said it would be "feasible" to agree to agree to a deal with auto-parts company Delphi over union worker pensions and benefits in the first quarter of next year, The Wall Street Journal reported.

But such a timeline "would be tight," Henderson said, according to the Journal.

GM is trying work out how much it will pay to cover pensions and benefits for Delphi workers who also worked at GM. Delphi, now bankrupt, is GM's former parts unit.

"I think we have made progress, but it didn't happen this year," Henderson said in an interview, according to the Journal. Henderson said the differences in the talks "have narrowed" but added that a number of hurdles remain.

Contact U.S. News

  • CNBC NEWSLETTERS

    Get the best of CNBC in your inbox

    Please choose a subscription

    Please enter a valid email address
    To learn more about how we use your information,
    please read our Privacy Policy.

Don't Miss

  • The Glass Ceiling

    Full-time working women still only earn about 77% of what men do in the same fields. A lawsuit in Silicon Valley is bringing renewed focus to that statistic. Vanity Fair Contributing Editor Bethany McLean on the equality fight for women's pay and promotion.

  • Man takes off work clothes on beach

    With Ruth Porat leaving Wall Street for Silicon Valley, Turney Duff takes a look at other ex-Wall Street friends and where they are now.

  • A group of scientists believe they've cracked the reason behind a big mystery: Why are beards so popular?

U.S. Video